Cancellation Money Not yet refunded

Q: Sales Department is horrible.
In our case we were interested in this project but the problem occurred from their end, they have not received the 4th floor plan approved.
Now they are saying that you can refund the amount only if some other investors will invest then only they can refund. This is how big names & Banners torture the middle class. So please be careful with their papers. They also recently faced problems in Airoli Project.
We are investing for stay purpose not for business. We are salaried person so we want back our hard earned money.

Shalini Mayank, Navi Mumbai

23rd October 2013

Investment Advice in Swaraj Lagoona, Panvel, Navi Mumbai

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Replies (2)

Dear all Investors of Swaraj Lagoona Project, I am one of the Investor of this project when it was launched in Oct 2012. The promised date of possession was Dec 2015. I have already paid more than 85% of the apartment cost. The project is no where near completion and there is no construction activities going on at the site and the site looks like a ghost town and abandoned. I have been trying to contact the builder since many months but nobody is willing to give an update me on phone, email or in person. I think this is high time to be united and take up this matter through proper channel. Please give your feedback on this.
IFG

Investor, Navi Mumbai

21st April 2016

Comment

Hello Shalini, I would suggest you to consult a local lawyer of your area or you can also go through your sales agreement and check what is the cancellation charges and all.

Gajendra V, Bangalore

28th October 2013

Comment

Hi Shalini, What is the current status of your case? , I am also one of the Investor in this project.The promised possession date was Dec15. I have already paid more than 85% of the apartment cost. Now the project is no where near completion and there is no construction activities going on at the site and the site looks like a ghost town and abandoned. I have been trying to contact the builder since many months but nobody is willing to give me an update over phone, email or in person. I think it is high time to be united and take up this matter. Please give your feedback on this.
IG

Investor, Navi Mumbai

21st April 2016